Biden's Economy?

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Doctor Steuss
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Re: Biden's Economy?

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More government, and less capitalism is a weird "conservative" stance to take, but you do you, Breitbart.
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Re: Biden's Economy?

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GDP is consistently high and much higher than it ever was under Trump. This used to be the gold standard for Republicans when it came to the economy, but because it sucked under Trump, suddenly they have to turn to something that's negative as their primary concern. Consumer demand is consistently high which leads to inflation, but this really only means Americans are so secure financially that they feel they can spend more money. You can't have record high consumer demand during periods of a true recession because that's when you know American's are desperate and scared, when they start saving instead of spending. What we see under Biden is the exact opposite. Despite rate hikes from Trump's appointed Fed Chair, people still keep buying homes, cars, take luxurious vacations at a pave never before seen. Why? Because they can afford it, and they are confident rates will eventually come down.

Gee, Americans must truly be happy under Biden to be traveling so much.

Record Number of Americans Plan on Traveling Abroad in the Next 6 Months
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Re: Biden's Economy?

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Real Personal Disposable Income was $15 trillion before the pandemic, and it is now nearly $17 trillion. Even after adjusting for inflation Americans on average have more money in their savings accounts now than they did under Trump. This explains why they keep spending on goods and services at a record pace (causing inflation). Because they can afford to do so.
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Re: Biden's Economy?

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Vēritās wrote:
Sat Oct 28, 2023 2:14 pm
Real Personal Disposable Income was $15 trillion before the pandemic, and it is now nearly $17 trillion. Even after adjusting for inflation Americans on average have more money in their savings accounts now than they did under Trump. This explains why they keep spending on goods and services at a record pace (causing inflation). Because they can afford to do so.
My TSP (Thrift Savings Plan) was growing rapidly.

How it’s done lately can’t properly be described in a paradise type forum.
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Re: Biden's Economy?

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The reason for better GDP growth was businesses stockpiling goods to guard against the higher costs to come due to ever increasing Bidenflation. This increases GDP now but will reduce it in the next two to three years. While I don't believe the American people are stupid enough to believe Bidenomics has been a success they were foolish enough to vote for socialism in 2020 and allow COVID shutdowns. The voters had the right to make that choicelike Russia, Venezuela, Cuba, but also like these countries they don't get to choose the consequences with a resulting suffering that is about to accelerate regardless of who wins in 2024.
And when the Confederates saw Jackson standing fearless like a stonewall, the army of Northern Virginia took courage and drove the federal army off their land.
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Re: Biden's Economy?

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ajax18 wrote:
Sun Oct 29, 2023 2:54 pm
The reason for better GDP growth was businesses stockpiling goods to guard against the higher costs to come due to ever increasing Bidenflation. This increases GDP now but will reduce it in the next two to three years. While I don't believe the American people are stupid enough to believe Bidenomics has been a success they were foolish enough to vote for socialism in 2020 and allow COVID shutdowns. The voters had the right to make that choicelike Russia, Venezuela, Cuba, but also like these countries they don't get to choose the consequences with a resulting suffering that is about to accelerate regardless of who wins in 2024.
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Re: Biden's Economy?

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The reason for better GDP growth was businesses stockpiling goods to guard against the higher costs to come due to ever increasing Bidenflation.
Is that so? In other words, goods produced from a previous years weren't counted toward GDP in the years they were produced, but only counted after Joe Biden became president?
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Re: Biden's Economy?

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ajax18 wrote:
Sun Oct 29, 2023 2:54 pm
While I don't believe the American people are stupid enough to believe Bidenomics has been a success they were foolish enough to vote for socialism in 2020 and allow COVID shutdowns.
While I appreciate your implicit admission that Trump legitimately lost the 2020 election, I was wondering if you could provide a recap on all of the new socialism that has occurred since Biden was elected.
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Re: Biden's Economy?

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canpakes wrote:
Sun Oct 29, 2023 5:08 pm
ajax18 wrote:
Sun Oct 29, 2023 2:54 pm
While I don't believe the American people are stupid enough to believe Bidenomics has been a success they were foolish enough to vote for socialism in 2020 and allow COVID shutdowns.
While I appreciate your implicit admission that Trump legitimately lost the 2020 election, I was wondering if you could provide a recap on all of the new socialism that has occurred since Biden was elected.
The scamdemic stimulus spending and environmental boondoggles that caused Bidenflation. The Afghanistan debacle and the projection of weakness, gutting of the military in favor of welfare snd open borders spending. The Middle East was a quiet region under Trumpand a policy of peace through atrength.
And when the Confederates saw Jackson standing fearless like a stonewall, the army of Northern Virginia took courage and drove the federal army off their land.
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Re: Biden's Economy?

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ajax18 wrote:
Sun Oct 29, 2023 5:37 pm
canpakes wrote:
Sun Oct 29, 2023 5:08 pm
While I appreciate your implicit admission that Trump legitimately lost the 2020 election, I was wondering if you could provide a recap on all of the new socialism that has occurred since Biden was elected.
The scamdemic stimulus spending and environmental boondoggles that caused Bidenflation.
I’m pretty sure that the only ‘scamdemic’ stimulus spending that had occurred at the time of the election had happened under the Trump Administration. Does that imply that Trump voters were jonesing for more of the same?

And, which ‘environmental boondoggles’ are you referring to, and what is their link to ‘socialism’?
The Afghanistan debacle
I don’t see the connection to socialism, here. The Afghans got some military hardware out of it, but you and I only got a reduction on spending for foreign wars.

And, how is the Trump-brokered release of 5000 Taliban linked to socialism?
and the projection of weakness, gutting of the military in favor of welfare snd open borders spending.
From Wiki, so you might take issue, but I’m not seeing the ‘gutting’ -
“In May 2021, the President's defense budget request for FY2022 was $715 billion, up $10 billion from the $705 billion FY2021 request. The total FY2022 defense budget request, including the Department of Energy, was $753 billion, up $12 billion from FY2021's request.”

Related, would suddenly dropping support for Ukraine be a sign that the US ‘projects weakness’?

Is US support of Israel during this latest conflict a sign of US weakness? WWTD?
The Middle East was a quiet region under Trumpand a policy of peace through strength.
Not entirely. These occurred during the Trump Admimistration:

- US-led intervention in the Syrian Civil War
- Russian intervention in the Syrian Civil War
- Battle of Aleppo and Operation Euphrates Shield
- Eastern Syria campaign (September–December 2017)
- Idlib demilitarization (2018–present)
- Northwestern Syria offensive (April–August 2019) and 2019 Turkish offensive into north-eastern Syria


Anyway, whatever Trump did - or did not - do, doesn’t seem to have cured the issue of the ongoing Israeli-Palestinian conflict. One could even claim that Trump Administration actions exacerbated the problem, through support of both (1) increased settlements into occupied zones, and (2) the relocation of the US Embassy to Jerusalem.

Lastly, I don’t see how any of that has anything to do with socialism, either.
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